Camping World Holdings ( (CWH) ) has released its Q2 earnings. Here is a breakdown of the information Camping World Holdings presented to its investors.
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Camping World Holdings, Inc., headquartered in Lincolnshire, IL, is the world’s largest retailer of recreational vehicles (RVs) and related products and services, operating through its Camping World and Good Sam brands. The company aims to make RVing and outdoor adventures accessible and enjoyable, with a comprehensive range of RV products and services, a national network of dealerships, and a strong online presence.
In its second quarter of 2025 earnings report, Camping World Holdings announced a significant increase in net income and adjusted EBITDA, both growing by more than 30%. This growth was attributed to strong cost execution and achieving a record quarterly volume of over 45,000 units. The company also highlighted its strategic inventory management and cost reduction measures, including headcount reductions and location consolidations.
Key financial metrics for the second quarter included a revenue increase to $2.0 billion, a 9.4% rise from the previous year. New vehicle revenue grew by 8.0%, while used vehicle revenue surged by 19.0%. Despite a decrease in the average selling price for both new and used vehicles, the company saw improvements in gross margins for used vehicles and products, services, and other categories. The company’s net income rose to $57.5 million, marking a 145.7% increase, while adjusted EBITDA reached $142.2 million, a 34.7% rise.
Camping World Holdings’ management remains optimistic about the future, with expectations of further growth in new unit volumes and improvements in SG&A efficiency. The company plans to leverage cash flow benefits from recent legislation to prioritize debt reduction and explore new market expansion opportunities. Management is confident in achieving its medium-term market share goals and enhancing the earnings power of its business model.